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Global Stocks Slide As Iron Ore Crashes; Pound Jumps After UK Calls Snap Elections

Global Stocks Slide As Iron Ore Crashes; Pound Jumps After UK Calls Snap Elections

European stocks slide as traders returned from a 4-day Easter holidays, Asian equities likewise drop pressured by the ongoing rout in iron ore, while U.S. stock-index futures point to a lower open. British markets were roiled after U.K. Prime Minister Theresa May said she would seek an early election on June 8, in a move aimed at strengthening her hand going into Brexit talks; the FTSE 100 dropped 1.3%, on the news, hitting the lowest since Feb. 24 while 10Y Gilts dropped below 1% for the first time since October.

Turkish Referendum Full Preview

Turkish Referendum Full Preview

This Sunday, Turkey will vote in a hotly contested referendum on the presidential
system, whose outcome could place sweeping new powers in the
hands of President Tayyip Erdogan and herald the most radical change to
the country's political system in its modern history.

The package of 18 amendments would abolish the office of prime minister and give the president the authority to draft the budget, declare a state of emergency and issue decrees overseeing ministries without parliamentary approval.

Professor Who First Predicted Trump's Victory Just Predicted His Impeachment As Well

Professor Who First Predicted Trump's Victory Just Predicted His Impeachment As Well

After his stunning defeat of Hillary Clinton in November, President-elect Trump took the time out of his transition planning to write a letter to American University Professor, Allan Lichtman, congratulating him for being the first to predict the outcome of the election even when polls declared Hillary a 'yuge' favorite: "Professor - Congrats - good call."

Ben Tanosborn Asks: Is Trump's Redemption At Putin's Expense?

Authored by Ben Tanosborn,

Donald Trump may have been told by his advisers that launching fifty-nine Tomahawk missiles, at a $15 million cost, against the small Shayrat air base in Syria was “necessary” and morally significant in retaliation for the recent chemical attack on Khan Sheikhun.  A way to show Bashar al-Assad America’s outrage at the dictator’s presumed deeds… even if results from such action prove to be materially insignificant.

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